Virender Aggarwal, CEO, Ramco Systems:
Managing fiscal deficit while addressing sectoral needs has been the focus of this year's budget. From reforms to uplift agriculture to providing education and healthcare, focus is on the common man. It is encouraging to see the thrust placed on Infrastructure. Good infrastructure is key to attract global investment and better rail and road connectivity will also give a boost to organized Logistics.
As an indigenous software product firm, we welcome the government's move on royalty for patent developed and registered in India. This will drive organizations to file more patents and monetize their R&D investments. Also exempting 100% of profits for startups involved in innovation development in technology will boost the product ecosystem to flourish. Ramco, being a provider of Aviation solutions, is also happy to note an action plan being drawn out to revive the unserved and under-served airports.